Futu news, December 9, reports that $MAO GEPING (01318.HK)$ Today, the dark market opened high, currently increasing by 40.94%, reported at 42 Hong Kong dollars, with a transaction amount of 20.7562 million Hong Kong dollars and a total market value of 19.765 billion Hong Kong dollars. For this listing, the public offering price of Mao Ge Ping is 26.3-29.8 Hong Kong dollars.
Market source: Futu Securities.
According to the new stock margin data from the Futubull APP, as of the time of writing, the total subscription amount for Mao Ge Ping's IPO across the all market is approximately 170 billion Hong Kong dollars (final data subject to official announcement), surpassing that of October 23 this year. $China Resources Beverage (02460.HK)$ (132.39 billion Hong Kong dollars), becoming this year's new stock "frozen capital king." Among them, the subscription amount from Futu ranks No. 1 in Hong Kong, reaching 90.5 billion Hong Kong dollars.
Company overview
Maogeping is a leading high-end beauty group in china, deeply engaged in the industry for over twenty years. Maogeping Cosmetics Co., Ltd. was founded by the renowned makeup artist Mr. Maogeping in 2000, pioneering the perfect integration of light and shadow aesthetics with Eastern aesthetics.
Currently, Maogeping has two major brands - the flagship brand MAOGEPING was launched in 2000, and according to Frost & Sullivan's data, it is the first high-end beauty brand in china and holds a leading position among all domestic brands. Based on retail sales in 2023, the MAOGEPING brand is the only domestic cosmetic brand among the top fifteen high-end beauty brands in china, ranking twelfth with a market share of 1.8%. In 2008, Maogeping expanded its brand portfolio by launching the "Beloved for Life" brand, primarily covering the categories of makeup and skincare products.
Financial overview
Mao Ge Ping achieved rapid growth during the record period, with the company's revenue increasing from 1.577 billion yuan in 2021 to 1.829 billion yuan in 2022, and further rising to 2.886 billion yuan in 2023, resulting in a compound annual growth rate of 35.3% from 2021 to 2023. The company's total revenue also increased from 1.399 billion yuan for the six months ending June 30, 2023, to 1.972 billion yuan for the six months ending June 30, 2024.
The company's gross profit grew from 1.316 billion yuan in 2021 to 1.533 billion yuan in 2022, and further to 2.448 billion yuan in 2023, with a compound annual growth rate of 36.4% from 2021 to 2023. The company's gross profit also increased from 1.182 billion yuan for the six months ended June 30, 2023, to 1.674 billion yuan for the six months ending June 30, 2024.
基石投资者
Regarding cornerstone investors, CPE, LVC, ACCF Capital (founded by former L Catterton Asia partner Wang Jun), Ivy League Fund, Brilliant Partners Fund LP, and the Greater Bay Area Common Home Investment Fund have agreed to subscribe or facilitate their designated entities to subscribe for a total amount of approximately 0.1 billion US dollars (assuming an issue price of 28.05 HKD, which is the median of the issue price range).
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Editor/Afina
